Crowdfunding websites are an emerging business strategy that allow people to donate money directly toward university projects. Alumni, as well as non-university affiliated donors, can make philanthropic contributions, some of which are tax-deductible, to specific research, entrepreneurship and development projects that require full or additional funding.
And several university crowdsourcing initiatives, featuring faculty and student-led projects, have been implemented across the nation within the past year.
The University of Virginia in Charlottesville, Va., launched its first crowdfunding site earlier this month in a six-month pilot initiative…
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